ASML Holding N.V.
Rank #184Capital ReturnASMLF · OTC · Technology
ASML Holding N.V. (ASMLF) — Rank #184 by gross profitability (GP/assets 0.34) · ROE 49.0% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0000937966 · all metrics point-in-time as of the filing date.
About
ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.
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The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies. In addition, the company offers metrology and inspection systems, including YieldStar optical metrology systems, a diffraction-based wafer metrology platform to assess the quality of patterns on the wafers; and HMI electron beam solutions to locate and analyze individual chip defects. Further, it provides computational lithography solutions, and lithography systems and control software solutions; and refurbishes and upgrades lithography systems, as well as offers customer support and related services. Additionally, the company offers hardware, software, and services to chipmakers to produce the patterns of integrated circuits. It operates in Japan, South Korea, Singapore, Taiwan, China, rest of Asia, the Netherlands, rest of Europe, the Middle East, Africa, and the United States. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V.
was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
- Industry
- Semiconductor Equipment & Materials
- Sector
- Technology
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- asml.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$608.80B
P/E (annual)
64.1
P/S (annual)
18.6
P/B
31.0
P/OCF (annual)
48.1
Shareholder Yield
1.2%
Employees
43,938
Industry
Semiconductor Equipment & Materials
Exchange
OTC
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 4/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
21.7%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -1.2% — per-share value needs a total required return of 20.5% once share-count change is priced in.
vs. own 6-year median revenue growth: 16.9%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
16.6%
r = 10% (base)
21.7%
r = 12%
26.1%
Net debt / market cap: -1.4%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.34
Primary signal (Novy-Marx).
74th pctl of 36 SIC 35 peers
Return on equity
49.0%
Gross margin
52.8%
80th pctl of 36 SIC 35 peers
Revenue growth (YoY)
15.6%
RPO growth (YoY)
7.4%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
15.6%
Revenue CAGR (5Y)
18.5%
Earnings CAGR (3Y)
19.5%
FCF CAGR (3Y)
15.4%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.58
11th pctl of 36 SIC 35 peers (best = lowest)
Current ratio
1.26×
9th pctl of 36 SIC 35 peers
Quick ratio
0.67×
Net cash
$8.93B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$11.08B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.15
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.6%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).